Erik Sels
ActiveSummary
Erik Sels has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39,930 and a net result of -€22,533. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-62
Solvency70▼-7
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.72 in 2024; short-term debt: 54.6% and cash: 11% of total assets), and 54.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.4%
Return on assets
-25.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€22,533
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d late
2022
32 d late
2021
60 d early
2020
60 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€39,930▼ 36.1%
2024 · €62,463
Total assets
€87,997▼ 26.1%
2024 · €119,045
Net result
-€22,533▼ 262%
2024 · -€6,218
Working capital
-€33,241▼ 108%
2024 · -€15,966
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€8,981▼ 48.8%€33,457▲ 273%-€3,586-€9,934▼ 177%-€22,313▼ 125%
Net result€4,935within the sector's middle half▼ 61.8%€24,938above the sector's middle half▲ 405%-€8,644below the sector's middle half-€6,218below the sector's middle half▲ 28.1%-€22,533below the sector's middle half▼ 262%
Equity€52,387within the sector's middle half▲ 10.4%€77,325within the sector's middle half▲ 47.6%€68,681within the sector's middle half▼ 11.2%€62,463within the sector's middle half▼ 9.1%€39,930within the sector's middle half▼ 36.1%
Total assets€103,918within the sector's middle half▲ 36.3%€130,862within the sector's middle half▲ 25.9%€132,660within the sector's middle half▲ 1.4%€119,045within the sector's middle half▼ 10.3%€87,997within the sector's middle half▼ 26.1%
Debt€51,531▲ 79.1%€53,537▲ 3.9%€63,979▲ 19.5%€56,582▼ 11.6%€48,067▼ 15.0%
Working capital-€24,491below the sector's middle half-€14,587below the sector's middle half▲ 40.4%-€19,326below the sector's middle half▼ 32.5%-€15,966below the sector's middle half▲ 17.4%-€33,241below the sector's middle half▼ 108%
Solvency50.4%within the sector's middle half▼ 11.8pp59.1%within the sector's middle half▲ 8.7pp51.8%within the sector's middle half▼ 7.3pp52.5%within the sector's middle half▲ 0.7pp45.4%within the sector's middle half▼ 7.1pp
Current ratio0.52below the sector's middle half▼ 1.000.73below the sector's middle half▲ 0.200.70below the sector's middle half▼ 0.030.72below the sector's middle half▲ 0.020.31below the sector's middle half▼ 0.41
Return on assets (ROA)4.7%within the sector's middle half▼ 12.2pp19.1%above the sector's middle half▲ 14.3pp-6.5%below the sector's middle half▼ 25.6pp-5.2%below the sector's middle half▲ 1.3pp-25.6%below the sector's middle half▼ 20.4pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,313 in 2025 against €9,934 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,997
Fixed assets
€73,171 ▼ 6.7%
Current assets
€14,826 ▼ 63.5%
Equity and liabilities €87,997
Equity
€39,930 ▼ 36.1%
Debt
€48,067 ▼ 15.0%
Debt's share of the balance-sheet total rises from 47.5% to 54.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,974▼
2024 · €5,220
Cash flow
-€7,195▼
2024 · €8,936
Quick ratio
0.26▼
2024 · 0.67
Debt to equity
1.20▲
2024 · 0.91
ROE
-56.4%▼
2024 · -10.0%
Interest coverage
-31.34▼
2024 · 18.34
Debt ≤ 1 year
€48,067▼
2024 · €56,582
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,836 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,480 | €11,973 | €14,364 | €15,154 | €15,338 | ▲ 1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1,655 | - | - | - | - | - |
| Other operating charges640/8 | €2,204 | €2,015 | €1,127 | €756 | €1,113 | ▲ 47.2% |
| Gross operating margin9900 | €21,320 | €47,445 | €11,905 | €5,976 | -€5,862 | ▼ 198% |
| Operating profit (loss)9901 | €8,981 | €33,457 | -€3,586 | -€9,934 | -€22,313 | ▼ 125% |
| Financial income75/76B | €2 | €166 | €3 | €0 | €2 | ▲ 1,900% |
| Recurring financial income75 | €2 | €166 | €3 | €0 | €2 | ▲ 1,900% |
| Financial charges65/66B | €114 | €129 | €1,061 | €285 | €223 | ▼ 21.8% |
| Recurring financial charges65 | €114 | €129 | €1,061 | €285 | €223 | ▼ 21.8% |
| Profit (loss) for the period before taxes9903 | €8,869 | €33,494 | -€4,644 | -€10,218 | -€22,533 | ▼ 121% |
| Income taxes67/77 | €3,934 | €8,556 | €4,000 | -€4,000 | - | - |
| Profit (loss) for the period9904 | €4,935 | €24,938 | -€8,644 | -€6,218 | -€22,533 | ▼ 262% |
| Profit (loss) for the period to be appropriated9905 | €4,935 | €24,938 | -€8,644 | -€6,218 | -€22,533 | ▼ 262% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103,918 | €130,862 | €132,660 | €119,045 | €87,997 | ▼ 26.1% |
| Fixed assets21/28 | €76,878 | €91,912 | €88,008 | €78,429 | €73,171 | ▼ 6.7% |
| Intangible fixed assets21 | - | - | €1,213 | €615 | €17 | ▼ 97.3% |
| Tangible fixed assets22/27 | €76,878 | €91,912 | €86,794 | €77,814 | €73,155 | ▼ 6.0% |
| Land and buildings22 | €72,457 | €71,919 | €64,803 | €58,085 | €59,948 | ▲ 3.2% |
| Plant, machinery and equipment23 | €1,853 | €6,271 | €9,637 | €8,394 | €5,583 | ▼ 33.5% |
| Furniture and vehicles24 | €2,568 | €13,722 | €12,355 | €11,335 | €7,623 | ▼ 32.7% |
| Current assets29/58 | €27,040 | €38,950 | €44,653 | €40,616 | €14,826 | ▼ 63.5% |
| Stocks and contracts in progress3 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Stocks30/36 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Amounts receivable within one year40/41 | €8,994 | €16,059 | €40,550 | €6,399 | €2,191 | ▼ 65.8% |
| Trade receivables40 | €782 | €16,059 | €30,862 | €6,399 | €2,191 | ▼ 65.8% |
| Other amounts receivable41 | €8,212 | - | €9,688 | - | - | - |
| Cash at bank and in hand54/58 | €15,051 | €19,982 | €1,057 | €31,315 | €9,704 | ▼ 69.0% |
| Deferred charges and accrued income490/1 | €496 | €409 | €546 | €402 | €431 | ▲ 7.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103,918 | €130,862 | €132,660 | €119,045 | €87,997 | ▼ 26.1% |
| Equity10/15 | €52,387 | €77,325 | €68,681 | €62,463 | €39,930 | ▼ 36.1% |
| Contributions10/11 | €22,550 | €22,550 | €22,550 | €22,550 | €22,550 | = |
| Reserves13 | €5,104 | €54,775 | €54,775 | €54,775 | €54,775 | = |
| Non-distributable reserves130/1 | €5,104 | €5,104 | - | - | - | - |
| Reserves not available under the articles1311 | €5,104 | €5,104 | - | - | - | - |
| Distributable reserves133 | - | €49,671 | €54,775 | €54,775 | €54,775 | = |
| Profit (loss) carried forward14 | €24,733 | - | -€8,644 | -€14,862 | -€37,395 | ▼ 152% |
| Amounts payable17/49 | €51,531 | €53,537 | €63,979 | €56,582 | €48,067 | ▼ 15.0% |
| Amounts payable within one year42/48 | €51,531 | €53,537 | €63,979 | €56,582 | €48,067 | ▼ 15.0% |
| Trade debts44 | €13,637 | €40,009 | €7,804 | €4,118 | €2,673 | ▼ 35.1% |
| Suppliers440/4 | €13,637 | €40,009 | €7,804 | €4,118 | €2,673 | ▼ 35.1% |
| Advances received on contracts in progress46 | - | - | €27,562 | €2,562 | €500 | ▼ 80.5% |
| Taxes, remuneration and social security45 | €2,100 | €7,027 | - | €3,680 | €276 | ▼ 92.5% |
| Taxes450/3 | €2,100 | €7,027 | - | €3,680 | €276 | ▼ 92.5% |
| Other amounts payable47/48 | €35,794 | €6,500 | €28,613 | €46,221 | €44,618 | ▼ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,935 | €24,938 | -€8,644 | -€6,218 | -€22,533 | ▼ 262% |
| + Depreciation and write-downs630 | €8,480 | €11,973 | €14,364 | €15,154 | €15,338 | ▲ 1.2% |
| Operating cash flow (approximation) | €13,415 | €36,912 | €5,721 | €8,936 | -€7,195 | ▼ 181% |
| Investment in fixed assets (approximation) | - | -€27,008 | -€10,460 | -€5,576 | -€10,081 | ▼ 80.8% |
| Change in cash | - | €4,931 | -€18,925 | €30,258 | -€21,611 | ▼ 171% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€22,533
Net result drops to -€22,533, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €24,938 ▲405%
Operating result €33,457, net result €24,938, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €8,086
Net result €8,086 after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 1984
Ground area
212 m²
Building footprint
234 m²
Volume, LiDAR
1,104 m³
Parcel 13452K0641/00E000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grote Reesdijk 20, 2300 Turnhout
since 19842.023.468.993
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452K0641/00E000 | Flanders | 212 m² | 1 · 234 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
NOULETTE
BE 0426.630.051
Anderlecht · Eq €39,878
COTE FLEURS
BE 0828.653.578
Châtelet · Eq €40,060
BLOEMISTERIJ DE MOLEN
BE 0427.096.344
Hamme (Vl.) · Eq €40,072
ORYA Bloem
BE 1022.706.830
Wijnegem · Eq €39,766
FLEURS EDEL.WEISS
BE 0670.499.929
Courcelles · Eq €39,721
Of 3,390 companies in sector 47761 we hold annual accounts for 1,156. 764 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
47761Retail sale of flowers, plants, seeds and fertilisers
43350Other building finishing work
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424891771
Also
9925:BE0424891771
Registered
04-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.